General economics

General course description

This course starts by introducing the basic theoretical concepts in economy. It deals afterwards with assignments and discussions on the current economy in order to illustrate the economic mechanisms under a pedagogical light.

Learning basic skills

1st year mathematics course

Course Aims

To be able to adopt an angle on the main economic events currently taking place bearing in mind the basic economic mechanisms

Course Outline

Chapter 1: introduction to economic issues

What is economy?

Backbone of the economy

Allocation of resources and production possibilities

Responses of the economic systems

Chapter 2: Microeconomic analysis

Product market

Price and quantity in a competitive situation and in a monopoly situation